Fully describe the business's activities?
Retail in biltong, fruits and nuts. This is 3 single businesses being sold as 1. 2 shops in Potchefstroom, 1 in Parys. Easy to run business and procedures are already in place as owner resides in Bloemfontein
How long has the business been established?
Owner opened the first store in Parys 8 years ago
How long has the owner had the business?
How does the business operate on a daily basis?
Retail shops - there are staff in place at all 3 shops who open and close the stores. Owner does the ordering of stock per store, computor system in place which makes it easily accessible to him. Not many suppliers. Should the buyer reside in Potch, Parys is only 60km away.
How are the clients attracted to the business?
Biltong, Jams, Olives, Olive oil and main lines for fruits and nuts. These shops specializes in fruits and nuts but the added on items from approved suppliers allows for a greater shopping basket.
What Advertising/Marketing is carried out?
National digital and magazine ads. You should do own regional marketing
What competition exists?
Supermarkets also supply many of these lines, yet they package themselves
What are the seasonal trends?
Retail seasons - shops differ. January slowest month and increases towards Dec
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
40% cash 60% card
What is the total staff complement?
1 Permanent per store
Are they on contract?
How involved is the Owner in running the business?
100% He handles the cashflow, does the books and orders stock. It is not necessary for him to be physically present the whole time as he has procedures in place.
When does the current lease end?
Different times - to be discussed per breakdown
Is there an option of renewal & what period?
Yes 5 years
What is the annual escalation %?
What are the trading hours?
9h00 - 18h00
What is the square meters of the business?
2 X 14squares 29 squares
Who is the Owner/Landlord?
Different companies - have breakdown and will be discussed
What are the main assets of the business?
COmputor, main furniture and fittings
What is their overall condition?
Working order, one store might need a soft revamp but can still be operated as is
Low maintenance business with procedures already in place. Stock can be rotated between shops. Product shelf life is long.Monopoly in the Free State area
Travel to Parys is only 60km, some could see this as a negative but it is not that far and a very profitable store to keep.
Wholesale. Main distributor will give a list of where they are not supplying directly and there is scope.
Supermarkets with their own fruit, nut and biltong lines
What is the reason for the sale?
Owner resides in Bloemfontein and no longer wants to travel so far and often.
Why is this a good business?
This is a very low maintenance business which does not require you to be in the shops the whole day. There are 3 other stores that could be bought along with these 3 in the North West Province.
What is the price plus stock and the net profit?
SP R715 000 Stock R150 000 that could possibly be financed through main supplier NP R27 000pm
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